Why Ripple Embraces Regulations in the Crypto Space
The prospect of increased regulations may have the crypto world reeling, but one Ripple exec says he welcomes any changes.
“There are definitely fraudulent campaigns and projects out there that are trying to take advantage of investor interest in this category,” managing director Danny Aranda told Cheddar.
“Having regulatory clarity for entrepreneurs is a very, very good thing. It gives you a clear state of play, let’s you know what the rules are.”
His comments echo the concerns prompting intensified scrutiny of the space.
Google this week said it will ban ads for cryptocurrencies and other unregulated financial products starting in June in an attempt to combat potential scams. Facebook made a similar decision earlier this year.
But Aranda isn’t worried. He said during Thursday’s interview that, whether controls come from regulators or social media platforms, new rules only help the industry.
“Over the long term, what you’ll see is greater regulatory clarity in the space,” he said. “You’ll see greater acceptance about best practices.
“The markets will become more educated about what are good projects, and that would make everyone more comfortable in the underlying value of these things.”
Coming off of a fourth-quarter delivering just over 300,000 cars, Tesla is expected to report tremendous earnings after the bell on Wednesday. Al Root, a senior writer for Barron’s, spoke with Cheddar’s Baker Machado about the anticipated earnings report and speculated about what Elon Musk will discuss during the call with investors, including a Cybertruck update, new factories, a possible new vehicle, and/or new larger form batteries. "There's a menu of things he could talk about, and any combination of those would be good," said Root.
The American Federation Teachers Union has announced its latest partnership with NewsGuard in efforts to help educators play a greater role in deciphering facts from fiction that students see online. They say the goal is to help students build critical-thinking skills while also teaching them the importance of media literacy. Executive Vice President of Partnerships at NewsGuard, Sarah Bandt, joined Cheddar to talk more.
James Whitley, Core Contributor at cypher, joins Cheddar News' Closing Bell, where he discusses the underlying factors that support a bounce-back for Bitcoin despite the token's recent slump.
Commercial and residential buildings account for 13% of carbon emissions in the U.S., according to the EPA, and one company says it has a solution. Runwise says it has updated the boiler and heating systems of thousands of buildings, and that its technology not only lowers carbon output but also saves landlords money. Lee Hoffman, Co-Founder and COO of Runwise, joined Cheddar Climate to discuss.
Following sales tech startup Scratchpad raising $33 million in Series B Funding, CEO and co-founder Pouyan Salehi joined Cheddar to discuss how his company's software works to help salespeople with an all-in-one workspace, integrating with Salesforce to optimize notes, spreadsheets, and other relevant information so businesses can forecast and make the best decisions. "If you look at other crafts like artists, they'll have studios; chefs, they'll have kitchens; scientists will have labs, and we just asked, well, if you look at sales as a craft, why doesn't something exist that is designed solely for a salesperson?" Salehi said about his workspace app.
Google could be gearing up to release its own wearable device as rumors swirl about a potential smartwatch with the Pixel brand. Jon Prosser, the creator of Front Page Tech, who tweeted a possible leak about the product, joined Cheddar's "Closing Bell" to discuss potential the benefits of it entering the same space as the Apple Watch. Prosser said, while he doesn't expect it to launch until at least 2023, the Pixel Watch will be "one of the most vital, most important wearables that we can have on the market," noting that it won't likely challenge Apple for much market share but will set the standard for other Android wearables to come.
